Varroc Engineering Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with copy of minutes.
VARROC · price
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Varroc Engineering Limited has announced the results of its postal ballot conducted via remote e-voting from March 28, 2025 to April 26, 2025. The single item on the ballot was the appointment of Mrs. Liselott Kilaas (DIN: 10953529) as an Independent Director of the company. Out of 96,893 shareholders on record date (March 25, 2025), a total of 137,468,963 valid votes were cast, representing about 89.97% of outstanding shares. Of these, 137,451,026 votes (99.987%) were in favor and only 17,937 votes (0.013%) were against. The special resolution was passed with overwhelming majority. The scrutinizer's report was submitted by M/s. Uma Lodha & Co., Practicing Company Secretaries, Mumbai.
This is a routine corporate governance update confirming the addition of a new independent director to the board with near-unanimous shareholder support. No material impact on stock price or shareholder value is expected.